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U.S. Futures Stabilize After Two Days of Gains as Chip Stocks Face Pressure
U.S. stock index futures settled after two days of gains, as investors paused amid the rise in shares of major technology companies and banks. Meanwhile, shares of chip manufacturers like Western Digital and Seagate Technology declined due to mounting pressures on chip stocks, affected by pessimistic future outlooks and geopolitical tensions. Recent economic data, particularly the slowdown in inflation, reinforced expectations that the Federal Reserve will maintain its tightening monetary policies. This led investors to monitor upcoming retail sales and unemployment benefit claims. Company earnings reports, especially in the technology and healthcare sectors, are expected to be a key driver of the markets in the coming period. Additionally, a 10.2% interest rate hike appears likely at the central bank’s meeting this month.
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